Troy R. Johnson Sells 12,000 Shares of Apogee Enterprises, Inc. (NASDAQ:APOG) Stock

Apogee Enterprises, Inc. (NASDAQ:APOG) insider Troy R. Johnson sold 12,000 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $61.06, for a total value of $732,720.00. Following the transaction, the insider now directly owns 33,433 shares of the company’s stock, valued at $2,041,418.98. The sale was disclosed in a filing with the SEC, which is available at this link.

Apogee Enterprises Stock Performance

NASDAQ APOG opened at $62.05 on Friday. Apogee Enterprises, Inc. has a 1-year low of $36.62 and a 1-year high of $62.99. The company has a market capitalization of $1.37 billion, a P/E ratio of 13.76 and a beta of 1.10. The business has a 50 day moving average price of $57.81 and a 200 day moving average price of $52.26. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.47 and a quick ratio of 1.18.

Apogee Enterprises (NASDAQ:APOG) last released its quarterly earnings results on Thursday, April 18th. The industrial products company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.17. The company had revenue of $361.80 million during the quarter, compared to the consensus estimate of $337.84 million. Apogee Enterprises had a return on equity of 23.84% and a net margin of 7.03%. Apogee Enterprises’s revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.86 earnings per share. Sell-side analysts expect that Apogee Enterprises, Inc. will post 4.57 EPS for the current fiscal year.

Hedge Funds Weigh In On Apogee Enterprises

Hedge funds have recently bought and sold shares of the stock. SummerHaven Investment Management LLC boosted its holdings in shares of Apogee Enterprises by 1.4% during the fourth quarter. SummerHaven Investment Management LLC now owns 15,235 shares of the industrial products company’s stock worth $814,000 after purchasing an additional 211 shares during the last quarter. Barclays PLC boosted its holdings in shares of Apogee Enterprises by 1.3% during the third quarter. Barclays PLC now owns 30,070 shares of the industrial products company’s stock worth $1,416,000 after purchasing an additional 374 shares during the last quarter. Panagora Asset Management Inc. boosted its holdings in shares of Apogee Enterprises by 0.3% during the fourth quarter. Panagora Asset Management Inc. now owns 133,870 shares of the industrial products company’s stock worth $7,150,000 after purchasing an additional 401 shares during the last quarter. Diversified Trust Co boosted its holdings in shares of Apogee Enterprises by 7.8% during the fourth quarter. Diversified Trust Co now owns 6,127 shares of the industrial products company’s stock worth $327,000 after purchasing an additional 445 shares during the last quarter. Finally, Franklin Resources Inc. boosted its holdings in shares of Apogee Enterprises by 3.1% during the fourth quarter. Franklin Resources Inc. now owns 17,334 shares of the industrial products company’s stock worth $926,000 after purchasing an additional 523 shares during the last quarter. Hedge funds and other institutional investors own 94.05% of the company’s stock.

About Apogee Enterprises

Apogee Enterprises, Inc designs and develops glass and metal products and services in the United States, Canada, and Brazil. The company operates in four segments: Architectural Framing Systems, Architectural Glass, Architectural Services, and Large-Scale Optical Technologies (LSO). The Architectural Framing Systems segment designs, engineers, fabricates, and installs custom glass and aluminum windows, curtainwalls, storefront, and entrance systems for the exterior of buildings primarily in the commercial, institutional, and multi-family residential construction sectors.